Cryptocurrency investment can be daunting, especially with volatile prices and numerous options. But what if you could access promising projects at an affordable price point? This guide delves into 11 cheapest cryptocurrencies priced under $1, each offering unique features and potential. From Cardano’s robust technology to Shiba Inu’s meme-fueled popularity, discover diverse options across various sectors, including:
- Established Players: Cardano (ADA), XRP (XRP)
- Meme Coins: Dogecoin (DOGE), Shiba Inu (SHIB)
- Emerging Technologies: Hedera Hashgraph (HBAR), Kaspa (KAS)
- DeFi Powerhouses: Cronos (CRO), VeChain (VET)
- Gaming Platforms: The Sandbox (SAND), Gala (GALA)
Table of Contents
The list of cheapest cryptocurrency are :
1.CARDANO (ADA):
Cardano is one of the biggest and cheapest cryptocurrency in the coin market cap by its market cap. One of the most flexible and sustainable technologies that is present. In today’s blockchain industry. It is founded by some of the founders that previously worked in Ethereum network. Cardano is one of the most scalable blockchain platforms for running smart contracts .The technology of Cardano allows it to develop a wide range of decentralized applications like finance apps ,new crypto tokens, gaming, and many more things to come with time.
The mechanism of Cardano is very solid when it comes to robust and secure platform .The Blockchain of Cardano is also highly scalable and highly energy efficient, making it one of the biggest projects for investors and technology enthusiasts.
As we know that the Ethereum blockchain has a native token called ETH. Similarly, cardano blockchain has a native token called Ada.
If we analyse the previous bull run in the crypto market, we can see that Ada Coin has given a phenomenal return to its investor and that’s why Ada token or cardano token can be considered in your portfolio.
2 . RIPPLE (XRP):
XRP is one of the most popular coin present in the crypto market and it is the product of Ripple Technology company. Ripple Is a tech company that uses cryptocurrency and blockchain technology to offer financial services .With the help of XRP businesses can drastically transform to perform efficiently.
XRP coin is used basically to do cross-border transactions.It is also used in implementing the Central Bank digital currencies.Or she be disease.Ripple is favored by many.Financial institutions because of its fast and efficient way of transaction.In a highly secured way.
Also, Ripple is one of the top ten cryptocurrency that has provided a very good return to his investors, so XRP can be an option to invest in for the long term.
3 . DOGECOIN (DOGE)
Dogecoin is one of the favorite dog shaped crypto for the netizens. It debuted back in 2012 and has come a long way. It was originally launched as a joke but now it has become a major player in the digital currency world. Infact, its position is among the top 10 highest ranked cryptocurrency. Elon Musk supported dogecoin and even changed his twitter logo highlighting the meme coin. Overall, dogecoin is successful in consolidating its popularity but the price movements are very uncertain. The positive development is being continuously done by the developers but there is no specific announcement as of now.
4 .TRON
Tron is one of the most popular cryptocurrency under $1. It was founded by Justin Sun and is based on Singapore. Tron as a blockchain wants to revolutionize the content creation landscape with the power of a decentralized internet. Tron aims to provide a platform where artists and content creators can own their content entirely instead of depending on centralized platforms. The tron platform empowers users to freely publish ,store and share content without any middleman or censorship. Tron network plans to empower creator by
Ownership– Full control of creators over their work.
Monetization– Earn revenue by directly connecting with audiences
Transparency– All transactions are recorded in the blockchain ledger ensuring accountability.
Tronix or TRX is the native token of the tron blockchain network. TRX token can be used to pay for gas fees ,staking and performing other transactions on the network.
5. SHIB
Shiba inu is another meme coin that can be purchased not only under $1dollar but in cents. It is popularly known as Shib . Shib meme coin was launched in 2020 and somehow it skyrocketed in 2021 because of aggressive social media hype. Like dogecoin, shib is also a meme coin and has a pretty dog faced coin as its logo. People consider shib to be the child of dogecoin,which means that dogecoin is called as the father of shiba inu and Elon Musk is known as father of Dogecoin (dogefather).
Shib became so popular that its price surged by a staggering 45,000,000% in a single year.
Meme Magic or Sustainable Growth: SHIB’s value heavily relies on community sentiment and social media buzz. This can be a recipe for volatility, as trends can fade faster than a dog chasing squirrels.
Too much supply: SHIB boasts a quadrillion-token supply, significantly higher than other major cryptocurrencies. This massive supply makes significant price increases less likely in the long run.
Utility Beyond the Memes: While SHIB has its own ecosystem and plans for future development, its current utility remains limited compared to other cryptocurrencies.
6. HBAR:
Hbar coin can be purchased under $1 from crypto exchanges.In the world of digital cryptocurrencies, HBAR (the native token of the Hedera network) stands out as a project aiming to address some of the key challenges hindering wider blockchain adoption. While often mentioned alongside meme coins like Dogecoin and Shiba Inu, HBAR delves deeper, focusing on real-world applications and enterprise use cases.Unlike other cryptocurrency Hereda network uses a technology called Hashgraph. This technology allows faster transaction speed and higher efficiency compared to proof-of-work blockchains like Bitcoin.
Hedera network is involved real life problems in order to streamline the process of business and industries. Some of the section where Hedera is constantly working is:
Supply chain management: Tracking goods and ensuring their authenticity throughout the supply chain.
Micropayments: Making instant and low-cost micropayments possible.
Decentralized identity: Securely managing digital identities.
Tokenization: Creating and managing digital assets on the Hedera network.
7. CRONOS:
Cronos is another coin that is available under $1. Cronos crypto coin is native to crypto.com. Crypto.com coin has been rebranded as cronos. Cronos blockchain has been developed to bridge the gap between Defi( decentralized finance) and the huge potential user base. Some of the advantages of the cronos are listed below:
EVM Compatibility: Built on the Cosmos SDK and powered by Ethermint, Cronos boasts seamless compatibility with the Ethereum Virtual Machine (EVM). This allows developers to easily port their existing Ethereum applications to Cronos, fostering rapid ecosystem growth.
Scalability and Speed: Unlike Ethereum, Cronos utilizes a Proof-of-Authority (PoA) consensus mechanism, enabling significantly faster transaction processing and lower fees. This scalability attracts users and developers seeking a smoother DeFi experience.
Interoperability: Cronos isn’t an island – it seamlessly connects to both the Ethereum and Cosmos ecosystems through Inter-Blockchain Communication (IBC) protocol. This opens doors for DeFi applications to interact with assets and functionalities across various chains.
User-Centric Focus: Cronos prioritizes usability and accessibility, making it approachable for both seasoned crypto enthusiasts and newcomers. Their user-friendly wallet and DeFi platforms aim to simplify the interaction with blockchain technology.
8. KASPA (KAS):
KAS or Kaspa is another cryptocurrency that you can add in your portfolio under $1.
Kaspa uses a unique technology called GHOSTDAG that allows multiple things to happen at once, making it super fast and efficient. No more waiting in line – transactions on Kaspa happen almost instantly, unlike other cryptos that can take minutes or even hours.
Here’s the cool part: Kaspa does all this while still being secure, just like the original highway analogy. Plus, it’s much more eco-friendly, using way less energy than its single-lane counterparts. Kaspa is still young in technological advancement but it has potential to do something big in future.
9. VECHAIN(VET):
VeCain or Vet is yet another coin available under $1. This is one of the top ranked coins in the crypto market. VeChain , often referred to as “the Walmart coin,” has made a name for itself in the world of blockchain by focusing on real-world applications, particularly in supply chain management. Talking about its technology, VeChain utilizes blockchain technology to track the movement of goods throughout their journey. Imagine a product having its own digital passport, recording every step from production to delivery. This transparency helps combat counterfeiting, ensures product quality, and builds trust between businesses and consumers.
10. SANDBOX(SAND):
SAND is another coin that is available for investors under $1. Sandbox is an innovative blockchain network that enables users to create their own games, virtual lands and even earn money by monetising our creativity. Some of the features or activities that we can avail in this platform are:
LAND Acquisition: Own a piece of the virtual world by purchasing LAND (represented by ERC-721 NFTs).
Game Creation: Use the user-friendly Game Maker to build engaging experiences on your LAND.
Asset Creation and Trading: Design and sell virtual items like avatars, clothing, and even custom experiences within the Marketplace.
Community Governance: Participate in shaping the future of The Sandbox through proposals and voting (future feature).
11. GALA:
The GALA token is also available under $1. GALA is also a gaming coin. The GALA token stands as the heart of Gala Games, a blockchain-based gaming platform aiming to revolutionize the gaming industry by putting control and ownership in the hands of players:
Some of the activities that we can avail in GALA platform are:
Play-to-Earn (P2E): Earn GALA tokens by playing and completing tasks within Gala Games titles.
NFT Ownership: Own in-game items as NFTs, giving you true digital ownership and the potential to trade or sell them.
Community Governance: Participate in shaping the future of the platform through GALA token-based voting
Crypto & Blockchain Analyst
Joblul Mustan, a seasoned Crypto and Blockchain Analyst, holds a Bachelor’s degree in Computer Application. With a rich background spanning five years in the market, Joblul brings expertise and insights that bridge technology and finance. Stay informed with Joblul’s analyses for a comprehensive understanding of the crypto landscape.